World Bank asks China to realise better-quality growth

Note: This section contains information in English only.
Source: Reuters
The World Bank suggests the second biggest economy to cut its economic growth target and focus on reforms. After thirty years of high-paced development, China wants to reorganise its economic system and realise better-quality growth, but has remained strict regarding achieving growth objectives. Meanwhile, the World Bank asserts there will be no repercussions with respect to the Chinese labour market with the reduction of the growth target.
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